Cashflow, area appreciation, and an opportunity to put low money downHow did you find this deal and how did you negotiate it?

No new year resolution this time, but I will have a todo list instead. 2023 was not how I wanted it to be, now that my back is kind of back against the wall (money running low) I hope I can finally get myself into the action mode this year.Thank you for tuning into my blog!

Hey Ashley,Section 8 provides a subsidy to low-income tenants to help cover their rent, with the amount varying based on factors like local housing costs and tenant income.

But generally I think areas that are relatively inexpensive with low(er) crime, decent schools, a diversified job market and steady population growth are the best places to aim for.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I would like to find out what are some good websites with calculators you use to calculate rebuild cost, so I have a better idea which replacement value is reasonable.

One low offer where there would be no inspections, the tenant could remain for closing, and i only needed to get a walk thru and the other higher offer with full inspections and the unit made vacant for closing.

You can definitely reach 5% - it'll just cost you north of 10 points.

Better than the alternative of having a line of credit at 12%, the 2-3% hit in spread is lower than a 5% increase in cost of capital in my opinion.

Hey I'm located just under an hour south of Sac but I currently have a few listings in the area, full disclosure I'm not a lender, but from what I understand you could still qualify for 3-4 units even with Interest rates at high 6's - low 7's.